PETRONAS Chemicals Group Bhd

Common Name
PETRONAS Chemicals Group
Country
Malaysia
Sector
Basic Materials
Industry
Chemicals
Employees
N/A
Ticker
PCHEM
Exchange
BURSA MALAYSIA
Description
Petronas Chemicals Group Bhd. is a leading integrated chemicals producer in Malaysia and a subsidiary of the national oil corporation, Petronas. Its primary function is the production and sale of dive...

PETRONAS Chemicals Group's Climate Target Data Preview

As of 2024, PETRONAS Chemicals Group has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into PETRONAS Chemicals Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
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Verified Sources Behind PETRONAS Chemicals Group’s Climate Targets Data

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a. PETRONAS Chemicals Group's Sustainability Report 2024
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Insights into PETRONAS Chemicals Group's Greenhouse Gas Emissions Pathways

As of 2024, PETRONAS Chemicals Group has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does PETRONAS Chemicals Group have a target to reduce the emissions from its operations?

As of 2024, PETRONAS Chemicals Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

PETRONAS Chemicals Group's most ambitious operational target is to reduce these emissions by 20% by 2030, compared to a baseline of 8,240,000 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a

As of 2024, PETRONAS Chemicals Group is lagging behind on its operational emissions reduction target, having achieved 18.8% of the planned reduction. a

PETRONAS Chemicals Group's Operational (Scope 1+2) Emissions Pathway

20192024203002.5 M5 M7.5 M10 MCurrent (-4%)Target 2030 (-20%)
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